Amro Partners has acquired Lewisham Retail Park in south-east London for a £400m GDV scheme providing 1,000 rental homes.
The site, previously owned by L&G, forms one of the final major pieces of the 20-year Lewisham regeneration plan. It has an extant planning application for 535 homes, granted in 2019.
Amro will undertake a comprehensive redevelopment of the island site. During the past 18 months, the developer has acquired various adjoining land holdings from a number of private landowners in a corner of the island site.
The scheme aims to provide housing – promoting connectivity with the train station, town centre, and central London – and enhance public realm through new green spaces, cycle paths and permanent community spaces.
Plans will include flexible commercial space on the ground floor to support local SMEs and independent businesses.
The project is scheduled to launch through phased openings during 2028/29.
Amro Partners chairman and chief executive Raj Kotecha, said: “This acquisition is the culmination of two years’ hard work piecing together this incredibly complex site. It’s an honour to play a part in the regeneration of this bright and thriving neighbourhood, with a site that has such vast potential.
“We look forward to working with the council and the people of Lewisham to bring forward a landmark development that sets a new bar for placemaking, sustainability and brings long-term value to the local community.”
CBRE advised L&G on the sale.
Image © CBRE
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